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Rebound Stalls

BATTLE OF BULL RUN

The headline: Esteemed Wharton Professor Jeremy Siegel Reveals Bullish Outlook

Earlier on CNBC, esteemed Wharton Professor Jeremy Siegel was asked if he was bullish?

He
said, "Yes, absolutely....My feeling is, next year, middle of the year, spreads will be down, and the confidence will return."

Hang in there and eventually it will go up, that’s what Siegel is saying, at least according to Tim Seymour.

He’s saying there are no other places to put money, other than equities, countered Pete Najarian. And I recommended looking at technology stocks, Pete added, such as Google (GOOG), Apple (AAPL) Research In Motion (RIMM) and Microsoft (MSFT).

Symbol
Price
 
Change
%Change
NASDAQ
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S&P 500
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VOW3
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GOOGL
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MSFT
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BB
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GRIFFIN MAKES AN E*TRADE

The headline: Bank Stocks Fail to Rise Even After Hedge Fund Star Ken Griffin Buys 17% Stake In E*Trade (ETFC).

It’s a great play for him - he paid 27 cents on the dollar, Pete Najarian explained. However shares fell despite the $2.55B cash infusion.

Najarian thinks ETFC stock is cheap and he bought shares Thursday.

Symbol
Price
 
Change
%Change
ETFC
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SEARS PROFIT PLUMMETS 99%

The headline: Shares (SHLD) Of Sears Holdings Plunge As Eddie Lampert-Run Retailer Posts 1 Cent Profit.

The owner of Sears & Kmart blamed the weak results on weather, increased competition and the credit crisis explained Dylan Ratigan.

Tim Seymour suggested SHLD stock is a buy at current levels.

“Don’t bet against Eddie Lampert,” added Guy Adami.

Symbol
Price
 
Change
%Change
SHLD
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OIL DOESN'T WANT TO GO UP

The headline: Not Even Explosion of Key Canada-U.S. Pipeline Can Push Oil Prices Higher.

Oil bulls had every reason to believe crude would surge Thursday, said Guy Adami It didn’t.

> Read why in "Adami's Crude Story"

Symbol
Price
 
Change
%Change
MV OIL SVCS
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AFTER HOURS ACTION:

The headline: Dell (DELL) down 7% After Profit Margins Fall Short.

Pete Najarian sees Thursday’s dip as a buying opportunity.

Symbol
Price
 
Change
%Change
DELL
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Guy Adami agrees. He still loves Dell on Michael Dell’s leadership.

BREAKING NEWS: MORGAN STANLEY CO-PREZ RETIRING

The headline: Morgan Stanley Co-President Zoe Cruz Retiring

Zoe was one of the highest ranking women on Wall Street and she’s hardly close to retirement age, Karen Finerman said. (She found the breaking news intriguing.)

It’s a sign of the times, Tim Seymour added. Fixed income heads all over the Street have been held accountable, no matter if it’s appropriate or not.

Walid Chammah and James Gorman were named as Co-Presidents, Ratigan added.

OPTIONS ACTION: DEPARTMENT STORES

The headline: Downtrodden Department Store Dillard's (DDS) Seeing Unusual Options Activity, Thursday

A company insider bought a large number of shares, Pete Najarian explained. Subsequent options trading suggests to him that this stock could go higher.

Symbol
Price
 
Change
%Change
DDS
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ARE BUYOUTS BACK?

The headline: Private Equity Comes Out of Credit Crunch Hiding With Biotech Purchase, Sprint Stake.

Buyout firm TPG Capital announced it will acquire Axcan Pharma (AXCA) for $23.35 per share, a 28% premium, Dylan Rataigan said.

The Street is concerned, added Pete Najarian. They might have overpaid for a company that is losing some patents and has very little in the pipeline.

SOLAR IS FUN

The headline: China's Solarfun Power (SOLF) Surges More Than 30% After Profit Doubles.

The United States hasn’t fully embraced solar yet. But it’s big in Spain and many other parts of Europe said Pete Najarian.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On Nov. 29, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (ETFC); Najarian Owns (BSC) Options; (COP) Options; (EMC) Options; (GOOG) Options; (YHOO) Options; Finerman's Firm Owns (UFS), (JWN), (NMX), (NYX), (VCLK), (WMT), (YHOO), Fortis; Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (MBI); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (BIIB) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options; Seymour Owns (FRE), (MER), (MS), (YHOO); Seygem Asset Management Owns (AAPL), (INFY), (INTC), (MSFT), (TSL),; Seygem Asset Management Is Short (EEM), Charles Schwab Is A Sponsor Of Fast Money

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